We're Number 5, We're Number 5
The Economic Freedom of the World: 2023 Report came out this week. The Fraser Institute in Vancouver, Canada publishes a new report each year. The data are for 2021.
In this report, the United States is rated #5. The top rated jurisdiction last year, Hong Kong, switched places with Singapore this year.
Big picture: Economic freedom of the world is the same as in the previous year (2020) and hadn’t been that low in over a decade.
I’ll have more to say in the next few days about some of the very interesting results you find when you dig into the report.
One such result: Where do low-income people (the poor) get a slightly higher percent of income: in a country with lots of economic freedom or in a country with little economic freedom?